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HAPPY

National Day! Facts and Figures

Population 1957 2018


Total
Population 6.3 mil 32.4 mil
Male 3.3 mil 16.7 mil
Female 3.0 mil 15.7 mil
Malaysia's Economic
Life expectancy at birth
Gross 1957 2017
Domestic 1956 2018
Product RM5,126 RM1,353,380 Male
million million 63.1 years 72.7 years
CAGR* Female 66.0 years 77.6 years
Gross 1957 2017 6.8%
Per
Capita RM816 RM42,227

Note :
* refers to compound annual growth rate

Malaysia's Economic Evolution


1970 2017
42.6% Services 54.5%

14.6% Manufacturing 23.0%

6.9% Mining & 8.4%


Quarrying
28.8% Agriculture 8.2%

3.7% Construction 4.6% Source : Department of Statistics, Malaysia

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MITI Weekly Bulletin | www.miti.gov.my

Total Trade
1957 2017
RM2.5 billion RM1,773.5 billion

Trade
Exports Imports
1957 2017 1957 2017
RM1.4 billion RM935.4 billion RM1.1 billion RM838.1 billion

Major Trading Partners


Exports Imports
UK UK
RM300.9 mil. RM328.0 mil.

1957 USA
RM283.0 mil.
USA
RM26.7 mil.

Thailand Thailand
RM44.8 mil. RM203.3 mil.

Exports Imports
Singapore Singapore
RM135,590.0 mil.
2017
RM92,723.9 mil.

PRC PRC
RM126,150.5 mil. RM164,495.4 mil.

USA USA
RM88,693.0 mil. RM69,320.9mil.

Source : Department of Statistics, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

CONSUMER PRICE INDEX ( 2010 = 100 )


The Consumer Price Index (CPI) rose 0.9
percent in July 2018 compared with the
same month last year
Index Numbers

119.8 118.7
Malaysia Statistics

July July
2018 2017

Inflation Rate for Main Groups, July 2018 / July 2017


+0.7% -0.8% -3.0%

Food & Non-Alcoholic Alcoholic Clothing &


Beverages Beverages & Footwear
Tobacco

+2.0% -1.7% 0.0%

Housing, Water, Furnishings, Household


Electricity, Gas & Equipment & Routine Health
Other Fuels Household Maintenance

+6.7% -3.9% -2.4%

Transport Communication Recreation


Services & Culture

+1.0% +1.0% -3.0%

Education Restaurants & Miscellaneous


Hotels Goods & Services
Source : Department of Statistics, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Malaysia was ranked as number one exporter of


Glycerol* i n 2 0 1 7
MALAYSIA GERMANY INDONESIA
International Statistics

US$271.4m US$199.3m US$195.6m


23.4% 17.2% 16.8%
NETHERLANDS ARGENTINA

Note: US$133.4m US$56.3m


% Share in Malaysia’s export
11.5% 4.8%

Malaysia’s Top Five Export Destinations


For Glycerol* in 2017
Note : % Share in World’s export US$61.2m
US$50.1m 22.5%
18.5%
US$27.1m PRC
10.0% usa
US$12.3m Japan
4.5%
rok
US$9.9m
3.6%
iran
Note :
* Refers to HS 290545
Source: http://www.trademap.org/Index.aspx

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)


ASEAN Trade in Goods Agreement (ATIGA) ASEAN-China Free Trade Agreement (ACFTA)
2,500 6,000 6,000 3,000

5,000 5,000 2,500


2,000

No. of Certificate of Origin

No. of Certificate of Origin


4,000 4,000 2,000
1,500
RM mil.

RM mil.
3,000 3,000 1,500

1,000
2,000 2,000 1,000

500
1,000 1,000 500

0 0 0 0

5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
2,500 1,400 160 300

1,200 140
250
2,000
No. of Certificate of Origin

No. of Certificate of Origin


120
1,000
200
100
1,500
800
RM mil.

RM mil.
80 150
600
1,000
60
100
400
40
500
50
200 20

0 0 0 0
5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-India Free Trade Agreement (AIFTA) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
400 900 160 1,600

350 800 140 1,400

700
No. of Certificate of Origin

No. of Certificate of Origin


300 120 1,200
600
250 100 1,000
500
RM mil.

RM mil.

200 80 800
400
150 60 600
300
100 40 400
200

50 100 20 200

0 0 0 0
5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Generalised System of Preferences (GSP)


35 180

160
30
140
No. of Certificate of Origin

25
120

20 100
RM mil.

15 80

60
10
40
5
20

0 0
5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

12 Aug

19 Aug

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian
Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Note: *Provisional Data
Source: Ministry of International Trade and Industry, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)


Malaysia-Japan Economic Partnership (MJEPA) Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
400 1,200 250 350

350 300
1,000
200

No. of Certificate of Origin

No. of Certificate of Origin


300
250
800
250
150
200
RM mil.

RM mil.
200 600
150
100
150
400
100
100
50
200
50 50

0 0 0 0

5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-New Zealand Free Trade Agreement (MNZFTA) Malaysia-Chile Free Trade Agreement (MCFTA)
0.60 14 25 100

90
12
0.50
20 80
No. of Certificate of Origin

No. of Certificate of Origin


10 70
0.40
15 60
8
RM mil.

RM mil.
0.30 50
6
10 40
0.20
4 30

5 20
0.10 2
10

0.00 0 0 0
5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug
Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-India Comprehensive Economic Cooperation Agreement Malaysia-Australia Free Trade Agreement (MAFTA)
80 (MICECA) 500 70 600

450
70 60 500
400
No. of Certificate of Origin

No. of Certificate of Origin


60
350 50
400
50 300
40
RM mil.

RM mil.

40 250 300
30
200
30
200
150 20
20
100
100
10 10
50

0 0 0 0
5 Aug

5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul

10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

3 Jun

1 Jul

8 Jul
12 Aug

19 Aug

12 Aug

19 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-Turkey Free Trade Agreement (MTFTA)


400 350

350 300
No. of Certificate of Origin

300
250

250
200
RM mil.

200
150
150
100
100

50 50

0 0
5 Aug
10 Jun

17 Jun

24 Jun

15 Jul

22 Jul

29 Jul
3 Jun

1 Jul

8 Jul

12 Aug

19 Aug

Total FOB (RM mil.) Total CO

Note: *Provisional Data


Source: Ministry of International Trade and Industry, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Malaysian Ringgit Exchange Rate with Selected Countries,


January 2017 - July 2018
US Dollar Swiss Franc
USD 1 = RM CHF 1 = RM

4.60 4.60
4.4596
4.50 4.50 4.4697
4.40 4.4209
4.40
4.30
4.30
4.20

4.10 4.20
4.0493
RM

RM
4.00 4.10 4.0718

3.90
4.00
3.8862
3.80 3.9775
3.90
3.70

3.60 3.80

3.50 3.70
May

May

May

May
Feb

Mar
Feb

Mar

Feb

Mar

Feb

Mar
Aug

Aug
Sep

Sep
Apr

Apr
Jun

Apr

Apr
Jun

Jun

Jun
Jan

Jan

Jan

Jan
Jul

Jul

Jul

Jul
Oct

Oct
Dec

Dec
Nov

Nov
2017 2018 2017 2018

Canadian Dollar Saudi Riyal


CAD 1 = RM SAR 100 = RM

3.50 125.0
3.4288
3.40
120.0 118.9006
3.3755

3.30
115.0

3.20
110.0
RM

RM

3.0814 107.9706
3.10

105.0
3.00 3.0211
103.6265

100.0
2.90

2.80 95.0
May

May

May

May
Feb

Mar

Feb

Mar

Feb

Mar

Feb

Mar
Aug

Aug
Sep

Sep
Apr

Jun

Apr

Jun

Apr

Jun

Apr

Jun
Jan

Jan

Jan

Jan
Jul

Jul

Jul

Jul
Oct

Oct
Dec

Dec
Nov

Nov

2017 2018 2017 2018

New Zealand Dollar Myanmar Kyat


NZD 1 = RM MMK 100 = RM

3.30 0.340

3.2126
3.20 0.330 0.3296
3.1735
3.10 0.320

3.00 0.310

2.90 0.300
RM

RM

2.80 2.7498 0.290

0.2843
2.70 0.280

2.60 0.270

2.50 0.260
May

May

May

May
Feb

Mar

Feb

Mar

Feb

Mar

Feb

Mar
Aug

Aug
Sep

Sep
Apr

Jun

Apr

Jun

Apr

Jun

Apr

Jun
Jan

Jan

Jan

Jan
Jul

Jul

Jul

Jul
Oct

Oct
Dec

Dec
Nov

Nov

2017 2018 2017 2018

Source : Bank Negara, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Commodity Prices
CRUDE PETROLEUM (BRENT) HIGHEST and LOWEST
-per bbl- 2017/2018
24 Aug 2018 : US$75.8, 4.3%* Crude
Average Pricei : 2017: US$55.0 Petroleum
2016: US$45.3 (Brent) Highest
-per bbl-
29 June 2018 : US$79.4
CRUDE PALM OIL 29 Dec 2017 : US$66.9
-per MT-
24 Aug 2018 : US$545.0, 4.2%*
Average Pricei : 2017: US$719.7
2016: US$702.2 Lowest 2.8
2 0 1 8 : US$6
9 Feb $45.5
SUGAR -per lbs- n e 2 0 17 : US
23 Ju
24 Aug 2018 :US¢10.2, 0.5%*
Average Price : 2017: US¢15.8
i

2016: US¢18.2 Crude Highest


Palm Oil 9 Mar 2018 : US$691.5
RUBBER SMR 20 -per MT- 20 Jan 2017 : US$843.0
-per MT-
24 Aug 2018 : US$1,373.5, 2.5%*
Average Pricei : 2017: US$1,646.6
Lowest S$545.
0
2016: US$1,394.5 20 1 8 : U
24 Aug 7 : U S$650.
0
e 20 1
COCOA SMC 2 30 Jun
-per MT-
24 Aug 2018 : US$1,423.5, 9.2%*
Domestic Prices
Average Pricei : 2017: US$1,439.0
17 Aug 2018
2016: US$1,609.8
COAL -per MT-
17 Aug 2018 : US$66.7, 1.9%*
Billets
Average Pricei : 2017: US$57.2 (per MT)
2016: US$45.6 RM2,250– RM2,330

SCRAP IRON HMS


-per MT-
24 Aug 2018 :US$380.0(high), unchanged*

US$360.0 low), unchanged* Steel Bars
(per MT)
Average Pricei : 2017: US$314.5 RM2,400– RM2,550
2016: US$243.2
Notes: All figures have been rounded to the nearest decimal point
* Refer to % change from the previous week’s price
i Average price in the year except otherwise indicated
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian
Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

670
Crude Palm Oil Rubber SMR 20
1,440

662.0
1,420 1,424.0
657.0
650

1,400

630 635.5
1,380

1,371.5 1,373.5
1,360
610
609.5 610.5
1,352.0 1,354.5
US$/mt

US$/mt
605.0 1,340 1,349.0
602.0 1,342.5 1,339.5
590 1,332.5
1,320
587.5
1,316.0 1,314.5 1,316.5
570 1,300
572.5 570.5 569.0
1,280
550
1,260
545.0

530 1,240
8 June 14 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug

1,700
Cocoa 7,500
Black Pepper
1,646.7

7,281
1,650 7,000
7,113
7,088

6,917
6,900

6,851
1,633.7

6,730
1,600 6,500
1,607.1 1,612.5

6,337
6,000
1,550

6,085

5,965
1,553.3
5,500
USD/ tonne

1,500
1,506.4
1,489.2 5,000
US$/mt

1,450 1,463.5
4,500

4,605
1,400 1,423.5 4,516

4,474

4,463
1,408.5

4,366
4,000

4,170

4,114
3,984

3,974
1,350
3,500

3,476
1,300 1,311.4
1,303.6 3,000

2,950
1,250
2,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
1,200
8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 2016 2017

13.0
Sugar 85
Crude Petroleum

80 79.4
12.5
12.5 77.1
12.4 76.5
75.6 75.3 75.8
12.3
12.3 75 74.3
73.4 73.1 73.2
12.0 72.8
74.2 73.8 71.8

70 71.0
70.5
US¢/lbs

US$/bbl

11.5 68.6 68.7 68.5 68.7


11.5 67.6
65 65.7 65.9
65.1
11.0 11.1
11.0 60
10.9 10.9

10.5
10.5 55
Crude Petroleum (WTI)/bbl
10.2 Crude Petroleum (Brent)/bbl
10.2
10.0 50
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board,
Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

Aluminium Copper Nickel


2,400 15,000
7,500

2,300

14,366
14,000

2,300
7,000

13,938
7,066
2,255

7,007
2,200

13,596
13,393
2,210

6,852
13,000

6,834
6,827

6,825
6,808

6,799
2,182
6,500

12,865
2,100
2,131

6,577
6,486
2,097
2,096

2,080

12,000
2,069

2,000

11,972
2,030

US$/ tonne
US$/ tonne

6,000

US$/ tonne

11,495
5,985

11,336
11,000

5,941
1,900

11,216
1,921

1,913

5,825
1,903
1,901

10,890
5,755
1,885

5,720
5,684

10,643
1,861

5,500

5,600
1,800 10,000

10,205
1,791

9,971
1,700

9,609

9,491
5,000 9,000

9,155
8,932
1,600

4,500 8,000
1,500

1,400 7,000
4,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018 2017 2018
2017 2018

68.0
Coal Scrap Iron 100.0
Iron Ore
400

67.0 66.7 390.0 390.0 390.0 390.0 390.0


390
90.0

89.44
66.0 380.0 380.0 380.0 380.0 380.0

87.65
65.3 65.4 380
65.2 65.2
65.0 370.0 370.0 375.0 375.0 375.0 375.0 375.0 80.0
64.4 64.6

80.41
370

77.46
76.34
63.8

76.07
64.0
70.0

72.25
360

71.53
US$/dmtu

70.35
70.22
63.0 360.0 360.0 360.0 360.0 360.0

67.74
US$/mt
US$/t

62.3

66.10
65.75
350

64.24
60.0

62.43
62.0 350.0 350.0

61.66
340

57.48
61.0 61.0 61.0
61.0
50.0
330
60.0

59.0 320 40.0

58.0 310 Scrap Iron/MT (High)


30.0
Scrap Iron/MT(Low)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
57.0 300
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 2017 2018

43.0
Gold 17.0
Silver Platinum
920.0

16.8 900.0
42.0 904.0
16.5
41.9
41.7 880.0
16.4
16.3
41.0
16.0 860.0 869.0 870.0
16.1 16.1
40.7
854.0
40.0 40.4 15.8 840.0 848.6
40.2
40.1
15.5 836.9
15.5 820.0 830.3 829.5 831.7 829.6
39.5 15.5 15.5
US$/oz
US$/oz

US$/oz

39.0 39.2 39.1 39.0 15.3


800.0
15.0
38.0
780.0
38.0
777.3
14.5 14.6
760.0
37.0

740.0
14.0
36.0
720.0

35.0 13.5 700.0


8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group,
World Bank, World Gold Council, The Wall Street Journal.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

MITI Minister Official visit to the Office of


Chief Minister of Sabah, 24 August 2018

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

WORKING VISIT TO SINGAPORE & 50th ASEAN ECONOMIC MINISTERS’ MEETING


AND RELATED MEETINGS
27 AUGUST – 1 SEPTEMBER 2018, SINGAPORE

Y.B. Darell Leiking, Minister of International Trade and Industry will lead the
Malaysian delegation to the 50th ASEAN Economic Ministers’ (AEM) Meeting
and Related Meetings from 28 August – 1 September 2018 in Singapore. In
conjunction with the AEM, Y.B. Darell will also undertake a working visit to
Singapore as part of MITI’s continuous efforts to further strengthen trade
and investment ties between Malaysia and Singapore.

During the working visit, a line-up of programmes will be


conducted, including a series of discussion and networking
session with economists, potential investors, local and foreign
business chambers, Malaysian diaspora and companies.
Such engagements are important to ensure Malaysia-
Singapore economic relations continue to be intensified
through exchange of views and information on the current
economic landscape and business opportunities. Y.B. Darell
will also be visiting the Agency for Science, Technology and Research (A*STAR) to gain insight on
the ongoing initiatives undertaken in the area of advanced manufacturing. At the 50th AEM Meeting,
a vast range of areas related to the broadening and deepening of economic integration within the
region and engagements with Dialogue Partners will be the main topics of deliberations. Among the
key topics to be deliberated include priority deliverables for the Singapore ASEAN Chairmanship
2018, implementation of the ASEAN Economic Community (AEC) Blueprint 2025 measures,
addressing challenges on trade facilitation measures, Non-Tariff Barriers (NTBs) and progress in
integration of other economic sectors. The ASEAN Economic Ministers are also scheduled to sign
the 10th ASEAN Framework Agreement of Services (AFAS) Protocol and the 1st Protocol to Amend
the ASEAN Trade in Goods Agreement (ATIGA).

During the consultations with Dialogue Partners, the Ministers are expected to evaluate the
progress in implementation of the various Free Trade Agreements (FTAs)
and economic cooperation programmes. The Ministers will also deliberate on accelerating the
pace of negotiations of the Regional Comprehensive Economic Partnership (RCEP), with the view
to bringing RCEP closer to a substantial conclusion. Apart from these meetings, Y.B. Darell will be
meeting his counterparts from ASEAN and Dialogue Partners such as Australia, Canada, India,
Japan, New Zealand, and the United States on a bilateral setting, as well as representatives from
the ASEAN Business Advisory Council (ASEAN-BAC), US-ASEAN Business Council (USABC) and
East Asia Business Council (EABC).

AEC remains a fundamental platform towards creating a deeply integrated and highly cohesive
regional economy as well as a competitive, innovative and dynamic community. Malaysia will continue
to play an active role in driving the regional economic integration under the AEC Blueprint 2025,
especially in championing the efforts to enhance trade facilitation and resolve the long-standing
issues of NTBs. Malaysia has been benefiting from the various economic integration initiatives
implemented under the AEC especially in terms of trade, investment and employment opportunities.
Generally, ASEAN economic integration has provided the opportunities for Malaysian companies to
expand their business to other ASEAN countries, not only as a major key export and import market
but also an important destination for Malaysia’s outward investments.

With more than 640 million population, ASEAN remains a key trading partner for Malaysia, taking
up 27.5% of Malaysia’s external trade in 2017. Trade with ASEAN amounted to RM487.42 billion,
an increase of 21% from 2016. Foreign Direct Investment (FDI) inflows from ASEAN to Malaysia
totalled at US$2.17 billion, also increased by 3.2% from 2016.

Source : Ministry of International Trade and Industry (MITI)

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MITI Weekly Bulletin | www.miti.gov.my

of Technical Terms
Preferential Tariff
Tariff set at certain percentage between two countries which is more favourable with other countries.

Producer Price Index


Measures the changes in the price of commodities charged by domestic producers and those paid by importers for importing
goods into Malaysia. The commodities originated from (i) Agriculture , Forestry and Logging & Fishing (ii) Mining &
Quarrying (iii) Manufacturing and (iv) Water, Gas & Electricity Sectors.

Professional services
Occupations in the tertiary sector of the economy requiring special training in the arts or sciences. Some professional
services require holding professional licenses such as architects, auditors, engineers, doctors, accountants and
lawyers.
PSR
Product Specific Rules - Rules used to specify that the materials have undergone change in tariff classification or a specific
manufacturing process.

QRs
Quantitative restrictions - specific limits on the quantity or value of goods that can be imported (or exported) during a
specific time period.

QVC
Qualifying Value Content
RCEP
Regional Comprehensive Economic Partnership (ASEAN+6)
Regional Economic Integration
Refers to agreements between countries in a geographic region to reduce, and ultimately remove, tariffs and non-
tariff barriers to facilitate the free flow of goods and services between one another. In 2009 APEC Senior Officials
agreed on a threefold comprehensive approach to accelerating regional economic integration – liberalizing trade
and investment flows “at the border”, improving the business environment “behind the border”, and enhancing
physical connectivity “across the border”.
Regional Trade Agreements
A preferential trade agreement or free trade agreement, signed between countries in the same region (often located
near to each other)
Regionalism
Refers to the expression of a common sense of identity and purpose combined with the creation and implementation
of institutions that express a particular identity and shape collective action within a geographical region. Regionalism
is a theory and action implemented by governments for trade liberalization or facilitation in a region, or carried out
through free trade areas or customs unions (WTO definition).
Remanufacturing
The process of transforming a used product to as good as new condition by rebuilding its component parts back to
its functionality performance specifications and also by replacing unbuildable parts with brand new components
and carries an acceptable warranty period as to a brand new (similar) product manufactured by the Original
Equipment Manufacturers (OEMs).

Source: http://www.miti.gov.my/index.php/glossary

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Announcements
Tentative Schedule for MITI
Pocket Talks 2018
No. Date Venue Topic
Introduction to
FTA & Preferential
1 17-Oct MITI HQ
Certificate of
Origin (PCO)
Introduction to
MITI FTA & Preferential
2 14-Nov
Sabah Certificate of
Origin (PCO)
Introduction to
FTA & Preferential
3 5-Dec MITI HQ
Certificate of
Origin (PCO)
Introduction to
MITI FTA & Preferential
4 12-Dec
Sarawak Certificate of
Origin (PCO)

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI Weekly Bulletin | www.miti.gov.my

Announcements

For more information, kindly click the following links:


http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_

For more information, kindly click the following links:


http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf

Issuance of APEC Business Travel Card is temporarily


suspended
Immigration Department of Malaysia has issued a notice that due to unavoidable
circumstances, the issuance of APEC Business Travel Card is temporarily suspended
and ABTC card will not be printed for approved applicants until further notice.

Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-
notice-of-apec-card-production-suspended-time.html

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MITI Weekly Bulletin | www.miti.gov.my

Ministry of International Trade and Industry

Malaysia
Happy
NATIONAL DAY

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MITI Weekly Bulletin | www.miti.gov.my

@ Your Service MITI Beijing


Name : Cao Jingjin
Designation : Clerk
MITI Beijing
Contact No : + 8610 6532 7996
Email : cao.jingjin

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